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Temasek-Backed Fintech Platform Icapital Valued At Over $6B After Latest Funding

Temasek-Backed Fintech Platform Icapital Valued At Over $6B After Latest Funding

12/24/21, 12:03 AM
Financial technology platform iCapital Network said on Thursday it had fetched a valuation of more than $6 billion after raising $50 million in a funding round led by private equity firm WestCap.

Company Info

Company
I Capital
Additional Info
In July, the company had raised $440 million in fresh capital in a round led by Temasek with participation from new investor Owl Rock and exiting investors Wells Fargo, Morgan Stanley and Goldman Sachs Asset Management. The company, founded in 2013, offers services in the alternative investment marketplace to enterprises in the wealth management, banking, and asset management industries. Venture capital firms Apollo Global Management and Temasek also participated in the latest funding round, iCapital said. ICapital said it intends to use the funds raised in the round to expand existing features on its platform and pursue acquisitions.